Palantir Technologies Inc shares have risen by 22% over the past week, driven by a combination of favorable geopolitical developments, major defense partnerships, and strengthening technical signals.
The recent rally has been fueled by Palantir’s expanding role in the defense and government technology sectors. The company recently announced a partnership with Northrop Grumman on the U.S. Army’s Tactical Intelligence Targeting Access Node (TITAN) program, marking a significant evolution from its traditional software-focused model.
Additionally, Palantir has collaborated with Google Public Sector to bolster cloud security compliance for federal agencies via its FedStart platform. These developments have cemented Palantir’s position in defense technology and provided a supportive backdrop for the broader market rebound following recent comments from President Donald Trump regarding Federal Reserve leadership.
Analysts expect Palantir’s upcoming earnings report on May 5, with projected EPS of 11 cents on revenue of approximately $799.36 million.
Investors can access Palantir shares through various means, including brokerage platforms, exchange-traded funds (ETFs), and allocated strategies in 401(k) plans. The stock has a 52-week high of $125.41 and a 52-week low of $20.50.
Source: https://www.benzinga.com/news/25/04/45045022/palantir-stock-is-pulling-back-after-rallying-20-over-the-past-week-whats-going-on